Marcus Today Funds Management

In order to make life simple I have established a two Separately Managed Accounts (SMA’s – a type of managed fund) which allows Members to invest with us.

“SMA” is a bit of jargon. From your point of view consider it as a fund, a mechanism that allows us to do your stock picking for you, that effectively appoints us as your own personal fund manager.

We have invested our own money into the SMA and offer Members and non-Members the opportunity to invest alongside us. WE have two funds the Marcus Today SMA (growth focused) and the Marcus Today Income SMA.

A feature of an SMA that might interest you is that through this structure you are the beneficial owner of the underlying shares, we are simply directing traffic. You are not buying units in our fund as you might with a managed fund, you (we) are buying the individual underlying stocks beneficially in your name (they are actually held beneficially in your name by the custodian HSBC).

Unlike a managed fund that has its own tax position, using the SMA you can utilise your own tax status and collect your own franking credits, which for pension phase investors is essential. It also means that if Marcus Today went bust we have no beneficial interest in your shares. They, and your cash, are instead held by the custodian (HSBC) with you as the beneficial owner.

Join Us – it’s where we invest!

You have the choice of two Marcus Today SMA investment portfolios – a high conviction total return portfolio and an income portfolio focused on high, tax-effective dividends.


Marcus Today SMA

The Marcus Today SMA is focused on Australian listed growth stocks of up to 50 Australian equities, actively managed by the Marcus Today investment team headed by Marcus Padley. Concentrated exposure to ASX listed securities with a weighted against S&P/ASX 300 Accumulated Index.

The aim is to achieve superior “total return”, combining capital growth with income with the focus on capital growth.

Marcus Today Income Equity SMA

The Marcus Today Income Equity SMA is benchmarked against S&P/ASX 200 Industrials Accumulation Index. Geared towards those seeking consistent income and preserve capital. This fund provides access to fixed income securities (traditionally only available to institutional investors) combined with custody, execution, management, administration and reporting.

The Marcus Today SMA is deliberately designed to be at the aggressive end of the investment spectrum relative to the usual managed fund definitions (growth/conservative/cash etc) – if you want to join the herds of balanced portfolio investors that return you the average returns less fee you can achieve that without us. We are focused on capital growth.

Performance fee

We charge a 10% performance fee (we get 10% of any out-performance subject to certain conditions) – which may put you off – but it is a statement that we are highly geared to our and your success, not just because we are invested ourselves, but because we make more money if you make more money. Our interests are aligned. Without a performance fee our goal would simply be to sell you the SMA and keep you in it, not spend all day worrying about making money for you, which is what we do

*Please note

Please note that the Marcus Today SMA (separately managed account) and the Marcus Today Income SMA are managed independently of the Marcus Today newsletter portfolios published in the Marcus Today newsletter under the portfolios tab. The newsletter portfolios are managed by Marcus Today staff and are hypothetical in nature. Hypothetical portfolios by definition allow a higher risk profile and more trading activity than the SMAs which are long term investment portfolios with an ASX benchmark and a more robust quality overlay. For compliance reasons the Marcus Today staff managing the Marcus Today newsletter portfolios are deliberately unaware of the SMA changes as they occur and the SMA Manager is unaware of the Marcus Today portfolio changes until they are reported in the Marcus Today newsletter. As such there can be material differences in the holdings, cash weightings, changes and timing between the SMA portfolios and the Marcus Today newsletter portfolios. If you wish to invest in the Marcus Today newsletter portfolios you will need to monitor the portfolio changes through the newsletter and manage your investments yourself, independently of the SMAs. If you wish to invest in the Marcus Today SMAs then you are in the right place.

Marcus Today SMA


 

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